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20121101
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Search Results 0 to 14 of about 15 (some duplicates have been removed)
a short- run compromise that will get us past the fiscal cliff. >> reporter: the president made his suggestion for a short-term deal. he urged congress to extend tax breaks for the middle class while they work out a bigger plan for a grand bargain. sylvia hall, "n.b.r.," washington. >> tom: while investors remain focused on the fiscal cliff, a further jump in consumer sentiment helped stocks close in the green today. the university of michigan reuters consumer sentiment index this month rose to 84.9. that's its highest level since july of 2007. the dow added four points, the nasdaq was up nine, the s&p 500 added two points. for the week overall, the dow fell 2.1%. the nasdaq dropped 2.6%. and the s&p 500 is 2.4% lower tonight compared to a week ago. >> reporter: while president obama and house speaker boehner both say they're open to new ideas, wall streeters remain cautious about the fiscal cliff. meridien equity partners' joe greco says the market doesn't expect it to be resolved this year. >> i think we're going to see a push pull back and forth and we're probably not going to se
for business leaders. the c.e.o. of caesars entertainment, tells us it'll be "very damaging" for his company. >> tom: that and more tonight on "n.b.r."! wall street greeted the election results with a big sell-off in stocks. investors dumped shares of almost every type, giving the s&p 500 it's worst day since june. beyond the u.s. elections, europe also brought fresh worries for investors with concerns in greece, and germany. here's how the numbers stacked up on wall street. the dow lost 312 points, at it's worst point of the day, the blue chip index was down 369 points. the nasdaq tumbled nearly 75 points and the s&p 500 off 33. suzanne pratt takes a look at where the market goes from here. >> reporter: let's be candid. this is not the election outcome that wall street wanted to see. after all many investors believe president obama's tax policies will hurt corporate profits. on top of that there's the likelihood of more regulation in the president's second term. those concerns were evident in selling today of energy, banking and healthcare stocks. a quick look at the price board at the new
with lawmakers today joins us. he is david cote, c.e.o. of honeywell. david, thank you so much for joining us. we really appreciate it. did you get the sense from house speaker boehner, he is ready to make a deal? >> i would say there is a recognition on all sides about the significance and importance of a deal. it is a real question about gettin both sides en the room to actually hammer it out and get something done because we don't have a lot of time left. >> susie: president obama said he would like to have a deal by christmas. from what you heard today, how realistic is that? >> if they want to, they can get this done in a couple of days. it is just a matter of kind of working out some of these important details. but it's a matter, i think, they just need to get together and get started. i think both recognize the need for a market-credible $4 trillion deal, and it has got to comprise both tax increases that are believable and that will happen, and entitlement reform that is believable and will happen. both of those things will have to be an important rt of this. >> susie: did speaker boehner
Search Results 0 to 14 of about 15 (some duplicates have been removed)

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